Results for: first time home buyers

Unpredictable Factors Deliver Record Setting 2020 Housing Market Across Colorado

ENGLEWOOD, CO – Jan. 13, 2021 – While coronavirus delivered devastating effects on our personal and professionals lives throughout 2020, the oldest laws of supply and demand carried Colorado’s housing market through health-focused restrictions, as well as changing residential and work wants and needs. Coupled with historically low interest rates, the combination of circumstances delivered record-setting results in most measurable...

Colorado’s Housing Market in Just One Word – Inventory

Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the...

Boulder, Fort Collins in Top 10 Markets with Highest Median Down Payments

Faced with more expensive home prices, home buyers are bringing more money to closing. The median down payment on a single-family home and condo purchased in the third quarter increased by nearly 67% compared to a year ago. Median down payments are at the highest level recorded since at least 2000, according to a new analysis from ATTOM Data Solutions,...

A Snapshot of the State’s October 2020 Housing Markets

October highlights for the Denver market include: The greatest 12-month-period price appreciation (21.3%) ever tracked by the Colorado Association of REALTORS®. There were 42% more single-family homes sold than the previous year, and 23% more new listings arrived to replace them, all while the median single-family price increased $32,000 in one month Taking a look at some of the state’s...

New Month, New Records Across Colorado Housing Markets

Pending Sales and Median Price hit all-time highs while Active Listings fall nearly 50 percent from a year ago Marty Schechter for CAR 303-882-4585 cell  marty@schechterpr.com ENGLEWOOD, CO – Sept. 11, 2020 – In addition to record high temps throughout the month of August, the statewide housing market continued its hot streak as well, setting new records for pending/under contract...

Denver Metro Area Ranks #4 on Realtor.com®’s Housing Market Recovery Index

National housing inventory has plunged 37% year over year, while buyers’ heightened demand is creating bidding wars and a rapid pace of sales, realtor.com® reports in its latest Weekly Recovery Report. Homes are selling nine days faster than a year ago, even as prices escalate, realtor.com® reports. The National Association of REALTORS® reported Thursday that contract signings in July jumped 15.5%...

Bipartisan American Dream Down Payment Act of 2020 Supported by CAR, NAR

Bipartisan bill would create savings accounts to allow prospective homebuyers to more easily save for down payments and other eligible costs associated with buying a home  Washington, D.C. – U.S. Senators Cory Gardner (R-CO) and Doug Jones (D-AL) today introduced the American Dream Down Payment Act of 2020. As Americans face unprecedented challenges from the COVID-19 pandemic, the bipartisan legislation would...

Housing Pipeline Surges Across Colorado in June Pent-Up Demand Drives Second Straight Month of Record-Setting Pending Sales

Marty Schechter for CAR 303-882-4585 cell    marty@schechterpr.com ENGLEWOOD, CO – July 10, 2020 – With pent-up demand and low inventory conditions prior to the COVID pandemic, the continued opening up of business and personal activities statewide created a surge of activity across Colorado’s housing markets resulting in new record highs for pending sales and driving the inventory of active...

May Delivers “Virtual Reality Reset”

Roar of record-setting pending sales reflect the opening up of restrictions and strong demand across Colorado’s housing markets Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO – June 10, 2020 – Virtual tours, virtual open houses, sight unseen purchases, and virtual closings have helped shape a new reality for real estate transactions across the Denver metro area and state...

Capitol Connection – May 29, 2020

The Latest from NAR Houses Passes Paycheck Protection Program Flexibility Act Earlier this week, the U.S. House of Representatives passed the “Paycheck Protection Program Flexibility Act,” which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. The changes include: Extending the program sunset to December 31, 2020;  Extending the length of...